Is Cryptocurrency a Good Investment?

[LimLims]

Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

Indian Government till now hasn’t legalised Cryptos.
This is the main reason why many Indians aren’t aware of what are cryptocurrencies.
I would say if you are investing in stock market then better to invest on cryptos.
The reason i am saying this as cryptos and Stock market, both have almost similar algorithms.
And guess what cryptos can give more profit than forex trading.
And to the OP’s crypto list i can suggest the addition of Litecoin.

[Kittygalore]

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Even so investing in cryptocurrency is not as easy as one might think,
besides that the risk of investing in cryptocurrency of course very large so if we are not mentally strong I do not recommend investing here,
actually people whose lives are better because investing in cryptocurrency of course it takes hard work and obviously we can't get it quickly

I think that that trait is already given or should be natural to the person when they want to invest into something because being mentally strong is a tacit requirement for investing. It's not just hard work but also being smart on how to do your work is going to help you get a better financial stability much faster.

[CryptopreneurBrainboss]

Many who invested on cryptocurrency made a huge profit, I am not saying, just buying top cryptocurrency listed on CMC will definitely make you rich,

Just because the memes coins are giving profits few weeks ago doesn't make then good investment choices as you could lose all your investment capital when the trend loses it hyped. Same way cryptocurrency aren't good investment just because others are profiting. You should also do your own personal research and not just blindly follow what others are doing.

Cryptocurency are good investment because they're the future of the finance system. The world is going digital, soon the paper money will be a thing of the past just as we have other inferior things get overthrown by more superior ones like the mailing system or shopping system, that of currency won't be any different and this isn't the first time such turn out of event will be happening.

[mrjoy15]

Success will come to those who have sound judgment and patience. There are various methods required for profitable trading, but only educated and experienced traders get it. Cryptocurrency are obviously good investment but not to those give up after a few losing trades. If you think you perform your up to the mark then release, if not stay calm and always motivated.

[Kong Hey Pakboy]

Success will come to those who have sound judgment and patience. There are various methods required for profitable trading, but only educated and experienced traders get it. Cryptocurrency are obviously good investment but not to those give up after a few losing trades. If you think you perform your up to the mark then release, if not stay calm and always motivated.

Those things that you are saying can only be achieved if the person tries to trade because that's how you gain experience and knowledge, by doing it but besides doing it, you also need to read the important things because it's not enough that you have experience if you have a little knowledge. Crypto is a good investment if you are dedicated to becoming good at it.

[alevlaslo]

[Maslate]

It looks like OP still doubts about Bitcoin...I'm not saying it a good and profitable investment because that went matters in how you manage your investment and I'm not sure if it works with you knowing that cryptocurrencies are moving in sideways. If you can adapt and adjust yourselves the way it works, might say that it was a good investment for you.

I may conclude that I was having a good experience in the crypto investment and give me decent returns but I can't assure you that you might have the same experience as me. May be you have to try and see what is the result.

[Ziskinberg]

I wanted to say that cryptocurrency is a good investment but be aware also that not all coins are worth an investment. Just to tell you that the market is so tricky, having the wrong choice of coins will simply cost you a lot. Honestly, many people had fallen into the wrong invested coins, that is will be going to happen when we don't have knowledge about crypto and also when we are not sure of what we doing.

Many had come and ended up nothing but just failure, it possible to happen to you that is why you need not rush in here but to do some search first before having an entry in the crypto market.

[crzy]

Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

There’s a lot of crypto investors coming from India and it’s a good time to buy right now especially your country experiencing a big problem facing this pandemic. You might see your fist money in in term of it’s value because of the inflation and investing it on cryptocurrency is a good move. That popular coins are the best in the market, you just have know how to deal with some projects because there’s so many scam projects right now.

[Questat]

It is always good to choose cryptocurrency as your investment, there are already a lot of big stock investors who are now investing in cryptocurrency because they know now the potential of cryptocurrency especially bitcoin for investing in the long run. There are so many opportunities in cryptocurrency so always explore it and try to invest some in a good coins, it would be better if you research first before you invest in a coin.

As the crypto market continues to grow, the more it gains more potential in terms of profit gains. The stock market is still there but many had diverted their investment into crypto as these investors feel that they can make huge money here compared to the stock market. However, if we think and consider the risk here, no doubt it is riskier than the others, and losing possible is too high. But, if we know how to take care of our investment, we can minimize the chances of losing.

[Issa56]

Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it. Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.

[batang_bitcoin]

Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it.

And it will become higher if you invest in unknown coins and those that are newly made meme coins. This technique has become popular because there were those people that have made a lot of money from it. But I don't think that it's still a good strategy yet there are those that still follow what has happened in the past with those successful investors who bought those types of coins.

Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.

Buy bitcoin and you'll for sure have that.

[FanEagle]

Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.

You sound like you are looking for quick profits but for the case of this year (a strong bullish year) you might be able to attain what you are looking for, but after this year you might need to wait at least 2 to 3 years to get profits for your investments even with any of reputed coin. Because bitcoin is having four-years cycle and out of them only one year is having bullish trend and all others might be having bearish and sideways markets. So, you cannot expect all the times to get good profits in next few months itself.

Only when you are ready to hold and wait, you should go for investing with crypto currencies. Already cryptocurrency is known for its risk involved but still people are recommending it because it is always profitable in long run. So, profits in next few months may not be the case on all the times in crypto space.

[Oceat]

Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it. Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.

Everything has its own risk it's only up to you on how you will minimize the risk to handle the situation. In terms of trading we have a diversification and technical analysis, with the use of it you will be able to gain a good profit in return if you know what you are doing.

OP, just need to know what crypto he has been investing or do some research before investing into something. It's not that the hype makes it popular you so also follow what other's been doing. You should learn to do your own research first then invest carefully and always minimize the risk especially with crypto market who's always in a high volatility movements.

[molsewid]

Good for those of you who can survive and make a profit. Bad for people who give up and lose. I think there will be two opinions like this. For myself, crypto is a good investment, provided you understand its nature. In the end you are able to take advantage of its properties. Moreover today more and more token coins don't have to be ETH, XRP or other old coins. I think investing in the moment is a new technique nowadays. Even some tokens have gone up by thousands of percent. But remember you have a risk that you have to accept.

Good for those who are not just a risk taker but also have a knowledge and passion of learning on how to invest and make a profit in investing in cryptocurrency. Investing in cryptocurrency is a continuous learning but to be able to engage first you must see to it that you have already done in researching or studying how the market goes a basic knowledge may be enough at first but in the long run you will get to know more about it. For me investing in cryptocurrency is always good but you only need to prepare yourself for any possible loses.

[wxa7115]

It will always be good to spread out and increase your investment diversification with different assets like cryptocurrency, especially if you don't have that yet. It's a great deal to have crypto, but first, you should not expect to profit early and invest a significant amount in crypto if you are not willing to lose it. Many people have been burned towards that, and it's sad to see them hate BTC or crypto in general because they didn't do the right thing to research.

The coins you mentioned are in the top currency in CMC. I think those are great picks as well.

Diversification makes sense in the case you are already happy with your wealth, after all the purpose of diversifying your assets is to protect your capital, however I hope people consider real diversification, many people in this market think of diversification as having several altcoins but still keep 100% of their capital in the market of cryptocurrencies.

Real diversification means been part of several different markets like precious metals, stocks, bonds, art and any other market you may like to form part of, however if we have not reached that stage then it could be a good idea to instead do the opposite which is to concentrate our capital in a single market and there is no better market for that than this one as the profits are on average higher than in any other market.

[fullhdpixel]

Success will come to those who have sound judgment and patience. There are various methods required for profitable trading, but only educated and experienced traders get it. Cryptocurrency are obviously good investment but not to those give up after a few losing trades. If you think you perform your up to the mark then release, if not stay calm and always motivated.

Even the most newbie (in the crypto market) people can earn from Bitcoin if they are investors rather than traders. I don't think everyone can earn if they trade bitcoins but I am 100% sure everyone can earn if they invest and don't trade. Basically, buying BTC and holding it for long enough such that you get higher value for your coins. It may take more time than expected but it is one of the simplest yet most effective techniques in the market right now.

Crypto is a great investment but I cannot say the same for traders because the market is hell unpredictable and unless you have the patience and financial freedom to hold for months and maybe years, you cannot really guarantee profits.

[AakZaki]

Some of the popular altcoins can also be seen on Coinmarketcap's 10-20 rankings. Apart from some of the coins mentioned by the OP, BNB is also the best altcoin to date, because BNB is a coin developed by Binance Exchange.
there are still many potentially good altcoins. Doing research in advance is necessary to choose what coins will trend well in the future.

[nowlscor18]

Good for those of you who can survive and make a profit. Bad for people who give up and lose. I think there will be two opinions like this. For myself, crypto is a good investment, provided you understand its nature. In the end you are able to take advantage of its properties. Moreover today more and more token coins don't have to be ETH, XRP or other old coins. I think investing in the moment is a new technique nowadays. Even some tokens have gone up by thousands of percent. But remember you have a risk that you have to accept.

Good for those who are not just a risk taker but also have a knowledge and passion of learning on how to invest and make a profit in investing in cryptocurrency. Investing in cryptocurrency is a continuous learning but to be able to engage first you must see to it that you have already done in researching or studying how the market goes a basic knowledge may be enough at first but in the long run you will get to know more about it. For me investing in cryptocurrency is always good but you only need to prepare yourself for any possible loses.

Yes, I agree, investing in crypto currency is like your taking risk on waiting for some high market prices everytime. It is good to a risk takers especially to those who have knowledge on this type of investment. When you invest in crypto currency, you must need to research or study those crypto coins who gives more profit and how it processes during downfall.  Investing in crypto currency is a continous learning since you must need to know more about it especially when it experiences downfall for a long period of time. For me, investing in crypto currency is good, but you must always expect losses since market prices are not always the same or stable. You need to have patience when you want to invest in crypto currency and have more knowledge on it.

[nhaila]

Of course cryptocurrency is good investment plafrorm because I don't believe Fiat but cryptocurrencies. Crypto currency is a popular investment plafrorm but only long term investment. Bitcoin and Ethereum, Binance coins the best investment coins in the cryptocurrencies Coinmarketcap.